WASHINGTON — President Bush plans to nominate New York Stock Exchange executive Sheila C. Bair as assistant Treasury secretary for financial institutions, a White House spokesman said Thursday.

Ms. Bair joined the NYSE in 1995 as senior vice president for government affairs, and is currently a consultant to NYSE chairman Richard A. Grasso. From to 1991-1995, Ms. Bair had a seat on the Commodity Futures Trading Commission.

The Kansas native was a counsel to former Sen. Bob Dole, R-Kan., in the mid-1980s, and worked on the Senate Judiciary courts subcommittee from 1981 to 1985. She earned undergraduate and law degrees from the University of Kansas.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.